Slovak Jan Budget Surplus SKK13.03B Vs SKK2.93B In Jan 2007
Fri, Feb 1 2008, 08:48 GMT
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Slovak Jan Budget Surplus SKK13.03B Vs SKK2.93B In Jan 2007

PRAGUE (Dow Jones)--The Slovak fiscal surplus increased in January on the year driven mainly by higher tax revenue, the Finance Ministry said Friday.

The fiscal surplus was 13.03 billion koruna ($579.5 million), compared with the surplus of SKK2.93 billion in the year-ago month.

The Slovak government had budgeted for a deficit of SKK31.98 billion in 2008, compared with the actual SKK23.53 billion budget gap recorded in 2007.

The government had originally planned for a 2007 budget deficit of SKK38.38 billion.

For the month of January state revenue reached SKK35.00 billion, compared with SKK27.16 billion a year earlier.

Total state expenditure amounted to SKK21.97 billion in January, compared with SKK24.23 billion in the year-earlier month.

Slovakia's finance ministry expects the government to keep its budget deficit at around 2.7% of gross domestic product in 2008, indicating the country is on track to meet the conditions for its planned euro adoption in 2009.

Finance Ministry Web site: http: / /www .mfsr .sk

-By Leos Rousek, Dow Jones Newswires; +420 221 085 273, leos.rousek@dowjones.com

(END) Dow Jones Newswires

Has to be good news for investors in Slovakia
Huw